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of a local tire store is not worried. governor brown's prop 30 raised taxes and hits starting tomorrow. el cerrito and union city had the highest taxes before and they will remain the highest. now at 9.5%. other east bay cities are up in the 9% range with san francisco and san jose among the lowest. >> the general consensus is a quarter percent is not going to make a big difference. >> reporter: to show how tricky it is, steve's tire store is on the el cerrito-richmond border. one step can be quite taxing. >> sales taxes here tomorrow 9.5%. sales tax right here tomorrow, 9%. >> reporter: so we're live here at safeway at the del norte bart station. it's mobbed. i'm not sure people are trying to save an extra penny every four dollars. it's new year's eve. but they are getting cheaper goods today and this tax will continue for the next four years. live in el cerrito, mike sugerman, cbs 5. >> thank you. >>> some people will have more money to spend come new year's. san francisco's minimum wage will be increased to $10.55 an hour. and that makes it the highest in the u.s. >>> a not guilty plea
around $1,000 a year if you brew your own coffee or brown bag it. >> you think about the taxes that you have to pay and your regular just day-to-day living expenses like your pg&e bill and your cell phone bill and all of that the $90 an hour really gets eaten away quickly. >> reporter: which brings us to tip 2. save, save, save. according to the united states federal reserve, americans on average only save 3.6% of their income. what we should be saving upwards of 10%. and if you are counting on social security, plan on socking away 12 times your current income too. because getting old can get expensive. >> i have seen clients pay upwards of $13,000 a month for round the clock care in their homes. it's very expensive. >> reporter: and then there's housing. bringing us to tip number 3. you shouldn't spend more than 25 percent of your income on where you live. a tall order here in the bay area. but keeping this rule of thumb in mind might help you stash some cash into your 401(k) or ira. >> cheers! >> reporter: this couple rents two bedrooms of their home to offset their mortgage and help
Search Results 0 to 1 of about 2